At a Glance
Average Property Price - NE48
£281,494
37
National percentile
Average Monthly Rent - NE
£830
23
National percentile
Average Net Household Income - NE48
£36,245
39
National percentile
Flat / Maisonette Yield - NE
6.0%
74
National percentile
10-Year Annualised Price Growth - NE48
3.1%
31
National percentile
10-Year Annualised Rent Growth - NE
4.0%
54
National percentile
Property Price & Volume Trends
The average property price of £281,000 sits below the national average. Over the past decade, prices have grown at 3.1% annually—below the national rate—reflecting relatively modest capital appreciation. Transaction activity has declined, with 43 sales in the latest year compared to a 10-year average of 54 per year.
Rent & Yield Trends
Monthly rents average £830, substantially below the national norm. Rental growth of 4.0% annually over ten years has matched national pace. The flat yield currently stands at 6.0%, up from a 10-year average of 5.3%, indicating improving returns for landlords in recent years.
Income & Affordability Trends
Average household income of £36,245 is slightly below the national average. The price-to-income ratio of 7.4x has risen from 6.2x in 2016, signalling that property has become less affordable relative to earnings. Rental affordability has also deteriorated, with rent-to-income rising from 24.1% to 26.2% over the same period.
Resident Demographic Profile
The population is notably older than average, with over half aged 50 or above: those aged 50–64 represent 27.2% (versus 19.8% nationally) and 65+ account for 28.7% (against 19.6% nationally). Young adults aged 16–24 are significantly underrepresented at 6.3% compared to 11.0% nationally. Housing tenure leans strongly toward outright ownership at 40.9%, well above the national 33.7%, while mortgage-backed ownership is lower. Employment is dominated by skilled trades at 19.6%, double the national share, reflecting the area's character.